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BofAS Raises 2025-26 Sales Forecasts for INNOVENT BIO, Elevates TP to $61.1
2025-04-25 14:45:03
In February 2025, INNOVENT BIO (01801.HK) recorded sales of RMB179 million and RMB114 million for its products sintilimab and bevacizumab, up 47.6% and 32.3% YoY respectively, according to a report from BofA Securities.

The company's sales of rituximab also rose by 15.4% YoY to RMB51.5 million. In addition, its sales of selpercatinib and tafolecimab surged by 53.2% and 2.13x YoY, respectively. In light of the strong sales performance of the company's core products, the broker raised its 2025-26 sales forecasts for the company by 1%.

BofA Securities added its target price for INNOVENT BIO from $52 to $61.1 and reiterated the Buy rating, considering its robust sales performance and solid product pipeline.
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